Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Fundamental Underwriters Expands Commercial Trucking Product Into Three More States
Feb 22 2022 // Fundamental Underwriters, a specialty managing general underwriter, announced today that it would expand its mid-market commercial trucking insurance product offerings into three additional states – Louisiana, Michigan...
Downtown Los Angeles Commercial Building Damaged by Fire
Feb 22 2022 // An intense fire burned a downtown Los Angeles commercial building early Friday. More than 100 firefighters were brought in to battle the fire, which was declared a major emergency, the Fire Department said. Firefighters...
AXA Insurance UK Buys Ageas UK’s Commercial Business Renewal Rights
Feb 16 2022 // AXA Insurance UK announced the acquisition of the renewal rights to Ageas UK’s commercial business for an initial consideration of £47.5 million (US$64.3 million). The deal will see Ageas’ Commercial lines...
People Moves: McGriff Adds Feighl as Commercial Marketing Account Exec; Harris Joins Alliant in Texas
Feb 11 2022 // McGriff Adds Mike Feighl as Commercial Marketing Account Executive McGriff has hired Mike Feighl as a senior vice president and marketing executive in its Houston-based Commercial Division. Mike Feight Feighl comes to...
Insurance Technology: Betterview Features Defensible Space; Clara Analytics Tackles Commercial Auto; Ascend Raises $30M for Premium Finance
Feb 8 2022 // Betterview, an insurtech provider of property intelligence to property/casualty insurance companies, now has available what it calls its Defensible Space feature that enables insurers using the company’s Remote...
How CNN Exec’s Departure Illustrates Peril of Not Disclosing Workplace Romance
Feb 8 2022 // For all the potential peril of a workplace romance, the most common source of trouble, experts say, is allowing it to remain a secret. A case in point was last week’s abrupt ouster of longtime CNN chief executive...
Hub Acquires Assets of AVI Commercial Insurance in California
Feb 7 2022 // Hub International Ltd. acquired the assets of AVI Commercial Insurance Marketing Inc. in San Clemente, California. Doug Krumpols, president, and the AVI team will join Hub’s Los Angeles and Orange County...
Commercial Auto Among Lines With Flattening Rates in 2022, USI Forecast Predicts
Feb 7 2022 // Although it wasn’t the headline of a commercial insurance broker’s market pricing report last month, the report’s observation that “commercial auto liability coverage rates are starting to...
The Hartford Q4 Net Income Rises 36% on Commercial Lines Growth
Feb 4 2022 // Net income at the The Hartford for the fourth quarter 2021 ended at $729 million, a 36% increase from income of $537 million the same period a year earlier. For the year, net income was about $2.37 billion compared to...
Louisiana to Streamline Form-Filing Process for Five New Commercial Lines
Feb 4 2022 // The Louisiana Department of Insurance announced Feb. 3 that it is streamlining the form-filing process for five additional lines of commercial insurance by adding them to the list of lines eligible for certified...
Eighth Circuit: Insurer Has No Duty to Defend Janitorial Service Workplace Discrimination Suit
Feb 3 2022 // The United States Court of Appeals for the Eighth Circuit said that an insurer does not have to provide coverage to a St. Louis, Missouri janitorial service company for a workplace discrimination lawsuit, affirming a...
Global Commercial Insurance Rates Keep Moderating, With Exception of Cyber: Marsh
Feb 2 2022 // Global commercial insurance prices increased 13% in the fourth quarter of 2021, a decline from the 15% increases seen in both the second and third quarters, according to Marsh’s latest Global Insurance Market...
Commercial Farm Coverage Now Available Through California FAIR Plan
Feb 1 2022 // The California FAIR Plan on Tuesday began offering basic property insurance for farmers unable to obtain coverage from traditional insurance carriers. The new coverage fills a gap in California’s insurance...
Commercial Lines Insurtech Sayata Raises $35 Million to Expand Lines
Feb 1 2022 // Sayata, a marketplace for insurance brokers and carriers, added $35 million to its latest funding round. The insurtech previously raised $17 million five months ago, resulting in a total A round of $52 million. Sayata CEO...
Police Officer’s Immunity Does Not Extend to New York County Employer: U.S. Court
Jan 27 2022 // A municipality in New York may be held liable for wrongful action by an employee even though the employee was granted individual immunity. A police detective found liable by a jury for a false arrest was entitled to...
New York Will Require Employers to Disclose Monitoring to New Hires
Jan 27 2022 // Employers in New York must disclose electronic monitoring, such as internet access and videoconferencing, to new hires under a new law taking effect in May, as workers contend with an employment landscape that’s...
Biden Administration Officially Withdraws Employer Vaccine Rule
Jan 27 2022 // The Biden administration has officially withdrawn a rule that would have required workers at big companies to get vaccinated or face regular COVID testing requirements. The Occupational Safety and Health Administration...
Workplace Class Action Settlement Costs Reached $3.6B in 2021
Jan 24 2022 // The cost of settling workplace class-action lawsuits reached a record high in 2021, defying expectations that the COVID-19 pandemic would decrease the size and reduce the number of payouts, according to a new report by the...
Employers Fear Long-Term Liability From ‘Take-Home’ COVID-19 Lawsuits
Jan 24 2022 // As COVID-19 cases surge in the United States, businesses say they fear a California court ruling has increased the likelihood that companies will be sued for infections, even by people who are not employees or...
People Moves: Lloyd’s Names Chubb’s Miller as Commercial Dir.; Chubb Promotes Meyer to Switzerland Country Pres.; WTW Hires Aon’s Weda for Corp. Risk & Broking, Benelux
Jan 20 2022 // This edition of International People Moves details appointments at Lloyd’s, Chubb and Willis Towers Watson (WTW). A summary of these new hires follows here. Lloyd’s Names Chubb’s Miller as Commercial...
